Archives

Swiss Info

Tue, 1 Feb 2022 08:59:41 GMT
National bank president to keep ‘very close eye’ on inflation
The president of the Swiss National Bank (SNB), Thomas Jordan, says he takes the significant rise in inflation seriously and that one must “keep a very close eye on how it continues”. Some of this inflation is “certainly temporary” and will ...

Mon, 31 Jan 2022 16:44:00 GMT
Swiss ambassador to Belarus will meet Lukashenko
Switzerland’s new ambassador to Belarus, Christine Honegger Zolotukhin, will present herself to the country’s controversial President next month, in the face of criticism from opposition groups. It is customary for new ambassadors to be received...

Mon, 31 Jan 2022 13:18:00 GMT
Foreign consumers retain taste for Swiss cheese
The volume of Swiss cheese exports rose by 7% last year and producers were able to extract a 10% growth in revenues with price rises. The Swiss cheese marketing board announced record export figures on Monday as consumers in other countries bought 8...

Mon, 31 Jan 2022 12:11:00 GMT
Microchip shortage dampens Swiss car market
A recovery in the number of newly registered cars in Switzerland has been constrained by global bottlenecks in the supply of computer chips. More than 350,000 new vehicles entered service on Swiss roads in 2021, marking a significant increase from t...

Mon, 31 Jan 2022 10:48:00 GMT
Rents rise in larger Swiss cities, but remain lower elsewhere
Zurich and Geneva are the two most expensive cities in Switzerland for home rentals, with prices continuing to rise as people move from the smaller towns to big cities. While Geneva is the most expensive place to rent big family apartments – a 4.5...

Sun, 30 Jan 2022 11:28:00 GMT
Swiss women make inroads in executive positions
The share of women in management positions at corporations listed on the Swiss Market Index (SMI) reached 19%, or nearly one in five, in 2021. The modest increase, from 13% in 2020, is largely thanks to an average of close to four of every ten new m...

Sat, 29 Jan 2022 16:19:00 GMT
End of 'acute' phase of pandemic is near, says health minister
The Swiss interior minister responsible for health, Alain Berset, has hinted that the worst may soon be over and some measures to fight Covid-19 could be scrapped in the coming days. Berset told Swiss public radio SRF that the record number of Covid...

Sat, 29 Jan 2022 13:46:00 GMT
Swiss researchers discover antibody signature that could predict Long Covid
Immunologists at the University Hospital Zurich found lower levels of two types of immunoglobulins among patients who developed post-acute Covid-19 syndrome, also known as Long Covid. Normally levels of immunoglobulins IgM and IgG3 – antibodies pr...

Fri, 28 Jan 2022 17:23:00 GMT
Switzerland raises Ukraine concerns with Russia
Switzerland has urged Russia to work towards a peaceful resolution to the ongoing tensions in Ukraine. Russia has been locked into a diplomatic stand-off with western nations, led by the United States, for several weeks over its neighbouring country...

Fri, 28 Jan 2022 16:41:00 GMT
Gun trader convicted for 'illegal sales to Saudi royals'
A Swiss man has been sentenced to a two-year suspended prison term for the unlicensed trading of weapons, including illegal sales to members of the Saudi royal family. The Federal Criminal Court heard that the accused sold 476 pistols, revolvers, hu...

Fri, 28 Jan 2022 14:31:00 GMT
Swiss court strikes down Covid insurance liability claim
The Swiss Federal Court has dashed hopes that small companies could be entitled to insurance payouts for lost business during the Covid-19 pandemic. The test case was brought by a restaurant owner from the town of Baden in northern Switzerland who a...

Fri, 28 Jan 2022 09:56:00 GMT
Swiss startups mark bumper investment year in 2021
Total investment in Swiss startups climbed to over CHF3 billion in 2021, continuing a decade-long rise, only barely dented in 2020 by the pandemic. The CHF3.06 billion ($3.29 billion) invested last year marked a 44% increase on 2020, according to th...

Thu, 27 Jan 2022 15:12:00 GMT
Hospitals unlikely to be pushed to limits by Covid Omicron
Researchers from Switzerland and Germany say the Omicron variant of Covid is unlikely to push the healthcare systems to breaking point. Omicron is significantly more infectious but seemingly less severe than the Delta variant, the Federal Laboratori...

Thu, 27 Jan 2022 14:00:00 GMT
Inquiry launched over alleged breaches by Swiss secret service
The Swiss defence ministry has ordered a probe into suspected illegal practices of information gathering by the country's intelligence service. Its cyber unit allegedly collected information on hacker attacks between 2015 and 2020 without requesting...

Thu, 27 Jan 2022 12:01:00 GMT
After pandemic slump, Swiss exports boomed in 2021
Swiss exports climbed to record levels in 2021, with chemicals and pharma driving much of the growth. Watches, especially luxury ones, also had a good year. Exports came to a total value of CHF259.5 billion ($284.5 billion) in 2021, marking a 15.2% ...

Thu, 27 Jan 2022 10:52:00 GMT
Swiss asset restitution strategy comes in for criticism
The Swiss government has been criticised for its incoherent practice of returning the frozen assets of politically exposed persons (PEPs). The Federal Audit Office, a financial supervisory body of the government and parliament, said inconsistent rul...

Wed, 26 Jan 2022 18:08:00 GMT
Expert group criticises systemic racism in Switzerland
Black people in Switzerland face everyday discrimination as well serious racial profiling by the police, a United Nations working group has said. After a 10-day fact-finding mission, the group said in a statement on Wednesday that it was “concerne...

Wed, 26 Jan 2022 16:01:00 GMT
Covid-related compensation benefits extended again
The Swiss government has extended a set of compensation schemes to help companies cope with the impact of the Covid pandemic. Short-time working payments will be continued for up to 24 months for employees and companies can benefit from simplified a...

Wed, 26 Jan 2022 14:23:00 GMT
Swiss government stays away from Beijing Olympics after all
The Swiss government says it will not attend the Olympic and Paralympic Winter Games in Beijing due to begin next week. The pandemic situation in Switzerland and the health restrictions imposed by the Chinese authorities to contain the spread of the...

Wed, 26 Jan 2022 13:23:00 GMT
Swiss banks ordered to hold extra capital to avert property risks
The government has decided to reactivate a capital requirement buffer in an effort to fight an increasing risk on the mortgage and real estate markets. In line with a request by the country’s central bank, the government on Wednesday ordered Swiss...

Wed, 26 Jan 2022 09:25:00 GMT
Swiss phase out funding for Geneva Initiative
Switzerland is to withdraw its financial support for a conflict settlement between Israeli and Palestinian civil societies. The foreign ministry said it decided to phase out its funding by 2024 following an external evaluation, saying the Geneva Ini...

Tue, 25 Jan 2022 16:53:00 GMT
Swiss ‘Crypto Valley’ boasts 14 'unicorns'
Switzerland’s blockchain industry says it includes 14 companies with a valuation over $1 billion (CHF912 million). Worldwide there are about 900 'unicorns' – privately held start-up companies valued over $1 billion – most of them in China, the...

Tue, 25 Jan 2022 14:36:00 GMT
Businesses push for immediate lifting of Covid restrictions
The Swiss government is facing renewed calls for the immediate suspension of its anti-Covid measures, notably the work-from-home and quarantine rules. However, health experts and scientists have dismissed the proposals as counter-productive and prem...

Tue, 25 Jan 2022 09:44:00 GMT
‘Soul of a Beast’ breaks film prize nomination record
Soul of a Beast by Lorenz Merz has been nominated in a record eight categories for the Swiss Film Prize 2022. Other contenders for trophies were announced at the 57th Solothurn Film Festival on Monday night. Merz’s film was nominated for the Golde...

Mon, 24 Jan 2022 18:06:00 GMT
Environmental activists spared jail after quarry squat
A Swiss court has ignored prosecution demands to jail seven environmental activists who were accused of trespass and assaulting police during a demonstration at a quarry. They were instead found guilty of lesser offences and fined. They were among d...

Mon, 24 Jan 2022 14:57:00 GMT
Conditions ripe for Swiss company takeovers and mergers
Rock bottom interest rates and excess cash sloshing around Swiss companies saw a three-fold increase in the value of mergers and acquisitions (M&A), rising to CHF170 billion ($186 billion) last year. The corporate shopping spree was led by the pharm...

Mon, 24 Jan 2022 14:08:00 GMT
Hacker finds data security weak spot in Swiss railway system
An anonymous hacker gained access to the personal data of thousands of passengers who bought tickets from Swiss Federal Railways. The embarrassing IT security weak spot in the Swisscard system, which has since been fixed, was reported to the Rundsch...

Mon, 24 Jan 2022 11:26:31 GMT
Swiss Olympic sets target of 15 medals in Beijing
A total of 168 athletes will represent Switzerland at the Winter Olympic Games in Beijing next month. Of these, 26 have already won an Olympic medal, while 93 are taking part in their first Games. The goal of Swiss Olympic is to equal the 15 medals ...

Mon, 24 Jan 2022 10:26:05 GMT
Swiss army circulated millions of substandard masks
Some surplus masks sold cheap by the Swiss army pharmacy to homes, schools and cantons performed “significantly worse” in tests than a reference mask, according to a report in Swiss newspapers. It is no secret that the Swiss army is sitting on m...

Sun, 23 Jan 2022 12:11:00 GMT
Health experts observe marked increase in suicidal thoughts among youngsters
The number of attempted suicides by adolescents in Bern and Zurich increased sharply last year, according to the SonntagsZeitung newspaper. Experts are calling for a national register to better understand the scale of the phenomenon across the countr...



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